FWL Investment Management LLC Grows Stake in Core Scientific, Inc. $CORZ

by · The Markets Daily

FWL Investment Management LLC raised its holdings in shares of Core Scientific, Inc. (NASDAQ:CORZ – Free Report) by 41,081.3% during the second quarter, HoldingsChannel.com reports. The firm owned 32,945 shares of the company’s stock after buying an additional 32,865 shares during the period. FWL Investment Management LLC’s holdings in Core Scientific were worth $562,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. HHM Wealth Advisors LLC grew its stake in Core Scientific by 96.5% during the 2nd quarter. HHM Wealth Advisors LLC now owns 1,926 shares of the company’s stock worth $33,000 after buying an additional 946 shares during the last quarter. State of Wyoming acquired a new stake in Core Scientific in the first quarter worth about $34,000. Advisors Asset Management Inc. boosted its holdings in Core Scientific by 68.3% in the second quarter. Advisors Asset Management Inc. now owns 2,690 shares of the company’s stock worth $46,000 after acquiring an additional 1,092 shares in the last quarter. Bernard Wealth Management Corp. purchased a new stake in shares of Core Scientific during the second quarter worth about $51,000. Finally, US Bancorp DE increased its holdings in shares of Core Scientific by 23.7% during the first quarter. US Bancorp DE now owns 8,682 shares of the company’s stock valued at $63,000 after acquiring an additional 1,663 shares in the last quarter.

Core Scientific Stock Performance

Shares of CORZ opened at $17.40 on Friday. The business’s 50-day moving average is $17.99 and its two-hundred day moving average is $15.47. The company has a market capitalization of $5.40 billion, a P/E ratio of 116.01 and a beta of 6.77. Core Scientific, Inc. has a fifty-two week low of $6.20 and a fifty-two week high of $23.63.

Core Scientific (NASDAQ:CORZ – Get Free Report) last issued its earnings results on Friday, October 24th. The company reported ($0.46) EPS for the quarter, topping analysts’ consensus estimates of ($0.85) by $0.39. The company had revenue of $81.10 million during the quarter, compared to analysts’ expectations of $107.18 million. Analysts forecast that Core Scientific, Inc. will post 0.52 EPS for the current year.

Insider Buying and Selling

In related news, Director Eric Stanton Weiss acquired 5,000 shares of the stock in a transaction on Tuesday, November 4th. The shares were acquired at an average price of $21.50 per share, for a total transaction of $107,500.00. Following the transaction, the director owned 226,687 shares in the company, valued at approximately $4,873,770.50. This trade represents a 2.26% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on CORZ. Roth Capital reiterated a “buy” rating on shares of Core Scientific in a research note on Friday, October 31st. B. Riley raised shares of Core Scientific from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a report on Wednesday, October 22nd. Compass Point started coverage on shares of Core Scientific in a report on Monday, September 15th. They set a “buy” rating on the stock. Sanford C. Bernstein raised their target price on Core Scientific from $17.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Finally, UBS Group set a $30.00 price target on Core Scientific in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $22.39.

View Our Latest Research Report on Core Scientific

About Core Scientific

(Free Report)

Core Scientific, Inc provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment.

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